The first products from a multi-client seismic campaign offshore Suriname will be made available from April 2022. The 3D survey which got underway in November is adjacent to the prolific Block 58 and will cover the up-dip portions of...
(S&P Global Platts) Mexico's Pemex plans to reduce crude oil exports to the US to 435,000 b/d in 2022 and to stop it completely in 2023 as the state-run company increases its refining capacity to meet domestic fuel demand,...
(Reuters) - Venezuela this year almost doubled its oil production from last year's decades-low as its state-owned company struck deals that let it pump and process more extra heavy crude into exportable grades.
The surprising reversal began as state-run Petroleos...
Argentina’s massive Vaca Muerta shale play reported yet another month of outstanding oil production growth, with October volumes surpassing 190,000 barrels per day (bpd) for the first time in history on the back of a record-high number of wells...
SBM Offshore announced Friday that it has secured a US$620 million bridge loan facility for the financing of the construction of FPSO Alexandre de Gusmão.
The FPSO Alexandre de Gusmão will be deployed at the Mero field in the Santos Basin offshore Brazil. Mero is...
ExxonMobil's almost 100 percent relocation of supply chain services from Trinidad and Tobago to Guyana is not an unexpected move, says Prime Minister of the Twin Island Republic, Dr. Keith Rowley. He said this is especially understandable since Guyana's...
South America’s hottest new basin where billions of barrels of oil discovered over the past six years have brought world-wide attention is set to deliver large volumes of gas says a former head of Suriname state oil company, Staatsolie.
“Our...
While he is enthused by recent announcements that Trinidad and Tobago has put 17 deepwater blocks up for auction, TT’s former Minister of Energy, Kevin Ramnarine says this bid round will be crucial to the longevity of the country’s...
The government of Trinidad and Tobago recently announced the opening of its deep-water competitive bid round for the fiscal year 2022.
The Ministry of Energy and Energy Industries (MEEI) which is responsible for the overall management of the oil, gas...
SBM Offshore said Tuesday that it has signed contracts with Petróleo Brasileiro S.A. (Petrobras) for the 22.5 years lease and operation of FPSO Alexandre de Gusmão. These contracts follow the signing of the binding Letter of Intent announced on August...
